Texas new home closings ↓to 5,167 in Late-Q1 from 5,294 in Mid-Q1, even as buyer demand strengthened and the spring market began taking shape.
Pending sales jumped statewide to 6,586 from 5,787, the strongest demand signal this yr, suggesting buyers returned despite broader economic uncertainty.
Homes took longer to sell statewide, with Days on Market ↑to 123.90 from 119.04, reflecting slower absorption across Texas markets.
Avg. new home price slipped statewide to $419.1K from $422K. Pricing varied: Houston ↑slightly, Dallas-Fort Worth stayed flat, Austin and San Antonio declined.
Inventory edged lower statewide to 35,137 active listings from 35,169, but remained elevated. New homes still sold near asking price at ~97%.
